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HSBCnet for Trade

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The wheels of trade spin round the clock globally. Now your trade transactions can also be at your fingertips 24/7.

Save time on your banking needs. Spend more time building your business and realising your business goals.

With HSBCnet for Trade, you can manage your trade finance portfolio with our comprehensive range of trade finance features available online. Our easy-to-use interactive Trade Dashboard, which you can tailor to your needs, lets you manage your working capital efficiently. Track the status of your trade transaction in real-time, on the go and securely with the Trade Transaction Tracker app to keep clients and suppliers updated 24/7.

You can now use HSBCnet to send us your trade finance instructions, download reports and monitor your portfolio.

Letter of Credit (or Documentary Credit)

Issue and amend Documentary Credit easily and reuse data from past DC issuances and templates for an efficient, hassle-free application.

Import bills

Seamlessly find and download scanned documents for your Import DC and Collection Bill documents. You can accept the bills and choose to easily settle them with cash or trust receipt.

Guarantee and Standbys

Clinch contracts and secure products and services by issuing Guarantees and Standby DC with the click of a mouse.

Buyer Loans

Paying a supplier on a recurring basis? Set up a Buyer Loan template with your supplier account details and save time on paperwork. What more, you can amend, extend, settle Buyer Loans easily and download a copy of SWIFT MT103 to evidence payment made to your supplier. Use GetRate for instant FX rates.

Transfer a letter of credit

Need to commit an order with your supplier without a credit facility? You can apply to transfer your Export DC with ease through HSBCnet.

Receivables Finance

HSBCnet provides a one-stop access for your invoice submission, funding status, ledger statement, limit availability, outstanding funds in use and more.

Export DC Advising

Once you receive an email notification of your DC’s arrival, simply download a copy of the DC and get on with your shipment preparation.

Outstanding transactions

Know how many transactions are outstanding and customise how you like to see it and how frequent you want a snapshot.

Reports

Softcopy reports are available in csv or pdf format whenever you want and however you like to receive it.

Trade Transaction Tracker

The HSBCnet Mobile App now includes the new Trade Transaction Tracker. The HSBCnet Trade Transaction Tracker gives you a global view of your documentary credits, collections, trade loans and guarantees across the world in a single app.

  • Get an overview of your transactions including documentary credits, documentary collections, trade loans and guarantees
  • View real-time trade transaction status detail
  • Save time on the phone, faxes or emails when tracking your transaction status
  • Search transaction with intelligence

Swift for Corporates (S4C)

Direct channel for clients seeking multi-bank and non-proprietary channel

S4C for Trade allows clients to exchange trade finance related messages (MT7xx) in an industry standard format (MT798) or 'Trade Envelope'.

  • Authenticated message exchanged via the SWIFT network
  • Multibank gateway through a centralised and secure channel for customers working with two or more banks
  • Supports import and export Documentary Credits, Guarantees and Standby Letters of Credit and Supply Chain Finance
  • FIN format for individual messages, and FileAct for exchange of files and document images

Benefits

  • Leveraging your existing SWIFT connectivity to establish MT798 exchange
  • Utilising industry standard SWIFT messages to automate workflow of trade transaction life cycle
  • Enhancing visibility through a centralised view of trade transactions and credit lines globally

Large Corp Receivable Finance (LCRF)

LCRF is a new solution offered by HSBC which enables Straight Through Processing (STP) for Receivables Financing, which allows [Seller] to upload invoice files via HSBC's proprietary system, HSBCnet, therefore automating manual checks via a rules-engine, driving efficiency and bringing down the turn-around time to as low as 15* minutes, per 1000 invoices processed.


Benefits

Quick Turnaround Time (TAT)

  • Automated checks and data entry for invoices, vastly improves the service TAT around payments to suppliers, bringing down the turnaround to just 15 minutes per 1000 invoices processed.
  • Approximately 15%** of Invoices submitted, go through various exceptions, causing delays in funding.

Control with the Customer

  • Eliminating the need to walk-in to the branch for invoice submissions
  • Digitising the customer experience, through the Invoice upload functionality in HSBCnet
  • Customer file upload for automated payment allocation

Abridged Invoice Details

  • LCRF needs only 10 field level data points for each invoice, in the upload file for funding

How it works?

  • Seller uploads the invoice file onto HSBCnet. (Seller will be notified of any exceptions)
  • Seller receives funding on eligible receivables
  • On payment due, seller can upload payment file for auto allocation

*Provided there are no exceptions in the data submitted

**Based on historical experience

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